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Updated: May 13, 2025
At the end of the month sufficient certificates of city loan could usually be gathered from one source and another to make up the deficiency, or the deficiency could actually be ignored, as had been done on more than one occasion, for long periods of time, while he used money secured by hypothecating the shares for speculative purposes.
"You are quite right, Monsieur," answered Gaudissart; "but that sort of thing is taken and retaken, made and remade, every day. You have also hypothecating banks which lend upon landed property and redeem it on a large scale.
Their plan was then, with this borrowed treasury money, to extend its franchise and then the line itself, and then later again, by issuing a great block of stock and hypothecating it with a favored bank, be able to return the principal to the city treasury and pocket their profits from the line as earned.
Hand, Schryhart, Arneel, and Merrill, weighted with this inpouring flood of stock, which they had to take at two-twenty, hurried to their favorite banks, hypothecating vast quantities at one-fifty and over, and using the money so obtained to take care of the additional shares which they were compelled to buy. At last, however, their favorite banks were full to overflowing and at the danger-point.
"You are quite right, Monsieur," answered Gaudissart; "but that sort of thing is taken and retaken, made and remade, every day. You have also hypothecating banks which lend upon landed property and redeem it on a large scale.
The manner of circumventing the debt increase prohibition of the convention having been discovered, the interior debt was further augmented after that time by failure to pay salaries, by hypothecating stamps and stamped paper, and by contracting other obligations, either to combat insurrections or because of less worthy motives.
Once in, however, he could vote this stock as he pleased, hypothecating it meanwhile at his father's bank for as much as he could get, and issuing more stocks with which to bribe legislators in the matter of extending the line, and in taking up other opportunities to either add to it by purchase or supplement it by working agreements.
Nor can I imagine any means of defining what is the greatest Art, without hypothecating a perfect human being. But since we shall never see, or know if we do see, that desirable creature dogmatism is banished, "Academy" is dead to the discussion, deader than even Tolstoy left it after his famous treatise "What is Art?"
"It seems to have been a case," went on the detective unhurriedly, "of dropping down the scale for her until she was up against the question of diving into East River or hypothecating the one asset." "How about this mission that you speak of? Didn't it help her?" "All it could but that wasn't enough.
"Have you followed my instructions and cut Joey off at the pockets?" "I have, Alden. He's rather desperate as a result, and has been trying to borrow money by hypothecating the inheritance due him on his twenty-fifth birthday.
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